Boone Pickens’s plans to save the United States from its energy dependence on so-called hostile petro-powers is, simply put, full of hot air. The abundance of shale gas in the US will no more free the country’s motorists from dependence on foreign oil than have either the American production of over ten billion gallons of [...]
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High Energy Prices, Not Wind Turbines, Make Copenhagen Green
The first thing you notice as you fly into Copenhagen, where I recently made a speech, is the ring of wind turbines surrounding the city. I guess that’s why it was chosen to be the backdrop for the world environmental summit last December.
There is certainly much to be said for Denmark’s leadership in green energy. [...]Read More...
Posts Tagged ‘shale gas’
Just as BP has finally succeeded in capping the ruptured Macondo well in the Gulf of Mexico, Canadian pipeline giant Enbridge has sprung a leak in the Kalamazoo River in Michigan. 2010 certainly hasn’t been a banner year for the North American oil industry.
The Enbridge leak in Michigan is a poignant reminder of the thousands [...]
America’s dream of greater energy independence is rapidly turning into an ecological nightmare. Instead of filling empty gas tanks, BP’s Deepwater Horizon well miles offshore is oozing thousands of barrels a day of oil, already covering an area over 1,900 square miles in the food-rich waters of the Gulf of Mexico. With no way of [...]
With the price of gas now trading at a record low—one third that of oil (per unit of energy)—its hold over the price of its hydrocarbon cousin should be its strongest ever. Yet oil prices have not only resisted gas’ gravitational pull but have moved in the opposite direction over most of the year.
And with [...]